DNV: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DNV
Largest movements
- Tangible fixed assets +€53,791
up €53,791 (+438.8%), from €12,259 to €66,050
of which Furniture and vehicles: +€58,493
- Current investments +€40,938
new in 2025: €40,938
- Receivables within one year -€24,370
down €24,370 (-42.1%), from €57,850 to €33,479
of which Other amounts receivable: -€18,320
- Cash -€20,650
down €20,650 (-26.7%), from €77,216 to €56,566
mainly Investment in fixed assets (net) (-€74,221) and Contributions, distributions and other (-€60,626)
- Deferred charges and accrued income -€4,477
down €4,477 (-93.4%), from €4,794 to €317
- Other debts +€55,585
new in 2025: €55,585
- Reserves -€55,088
down €55,088 (-43.6%), from €126,488 to €71,400
- Provisions +€37,000
new in 2025: €37,000
- Trade debts +€9,669
up €9,669 (+749.9%), from €1,289 to €10,958
- Tax, wage and social debts -€5,032
down €5,032 (-28.9%), from €17,440 to €12,407
- Provisions +€37,000
new in 2025: €37,000
- Gross operating margin +€12,508
up €12,508 (+18.7%), from €67,030 to €79,538
- Depreciation +€11,229
up €11,229 (+122.0%), from €9,201 to €20,429
- Taxes -€10,565
down €10,565 (-42.8%), from €24,683 to €14,118
- Financial income +€1,215
up €1,215 (+338.4%), from €359 to €1,574
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,118 | €197,350 | +€45,232 | +29.7% |
| Fixed assets | 21/28 | €12,259 | €66,050 | +€53,791 | +438.8% |
| Tangible fixed assets | 22/27 | €12,259 | €66,050 | +€53,791 | +438.8% |
| Land and buildings | 22 | €5,981 | €1,118 | -€4,863 | -81.3% |
| Plant, machinery and equipment | 23 | €6,278 | €6,439 | +€161 | +2.6% |
| Furniture and vehicles | 24 | - | €58,493 | +€58,493 | |
| Current assets | 29/58 | €139,859 | €131,300 | -€8,559 | -6.1% |
| Amounts receivable within one year | 40/41 | €57,850 | €33,479 | -€24,370 | -42.1% |
| Trade receivables | 40 | €30,250 | €24,200 | -€6,050 | -20.0% |
| Other amounts receivable | 41 | €27,600 | €9,279 | -€18,320 | -66.4% |
| Current investments | 50/53 | - | €40,938 | +€40,938 | |
| Cash at bank and in hand | 54/58 | €77,216 | €56,566 | -€20,650 | -26.7% |
| Deferred charges and accrued income | 490/1 | €4,794 | €317 | -€4,477 | -93.4% |
| Total equity and liabilities | 10/49 | €152,118 | €197,350 | +€45,232 | +29.7% |
| Equity | 10/15 | €133,389 | €81,400 | -€51,989 | -39.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €126,488 | €71,400 | -€55,088 | -43.6% |
| Distributable reserves | 133 | €126,488 | €71,400 | -€55,088 | -43.6% |
| Profit (loss) carried forward | 14 | -€3,099 | €0 | +€3,099 | |
| Provisions and deferred taxes | 16 | - | €37,000 | +€37,000 | |
| Provisions for liabilities and charges | 160/5 | - | €37,000 | +€37,000 | |
| Other liabilities and charges | 164/5 | - | €37,000 | +€37,000 | |
| Amounts payable | 17/49 | €18,729 | €78,950 | +€60,221 | +321.5% |
| Amounts payable within one year | 42/48 | €18,729 | €78,950 | +€60,221 | +321.5% |
| Trade debts | 44 | €1,289 | €10,958 | +€9,669 | +749.9% |
| Suppliers | 440/4 | €1,289 | €10,958 | +€9,669 | +749.9% |
| Taxes, remuneration and social security | 45 | €17,440 | €12,407 | -€5,032 | -28.9% |
| Taxes | 450/3 | €17,440 | €12,407 | -€5,032 | -28.9% |
| Other amounts payable | 47/48 | - | €55,585 | +€55,585 | |
| Non-recurring operating income | 76A | - | €2,534 | +€2,534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,201 | €20,429 | +€11,229 | +122.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €37,000 | +€37,000 | |
| Other operating charges | 640/8 | €1,060 | €794 | -€266 | -25.1% |
| Gross operating margin | 9900 | €67,030 | €79,538 | +€12,508 | +18.7% |
| Operating profit (loss) | 9901 | €56,769 | €21,315 | -€35,454 | -62.5% |
| Financial income | 75/76B | €359 | €1,574 | +€1,215 | +338.4% |
| Recurring financial income | 75 | €359 | €1,574 | +€1,215 | +338.4% |
| Financial charges | 65/66B | €184 | €134 | -€50 | -27.1% |
| Recurring financial charges | 65 | €184 | €134 | -€50 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €56,944 | €22,755 | -€34,189 | -60.0% |
| Income taxes | 67/77 | €24,683 | €14,118 | -€10,565 | -42.8% |
| Profit (loss) for the period | 9904 | €32,261 | €8,637 | -€23,624 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,261 | €8,637 | -€23,624 | -73.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.